Karen Day
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Qatari fund buys stake in Savoy Hotel
Katara Hospitality Co. has bought the 50% stake in London’s Savoy Hotel previously held by Lloyds Banking Group.
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NY mayor could target non-residents
Non-residents owning luxury apartments in New York could find their taxes increased as Mayor Bill de Blasio looks for ways to pay for affordable housing.
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Abe victory would boost Japan property sector
A victory for Japanese Prime Minister Shinzo Abe in parliamentary elections on Sunday would be supportive for the country’s commercial property sector.
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Global Roundup: U.S. spending bill, China policy
The U.S. House of Representatives passed a $1.1 trillion spending bill late Thursday, just hours ahead of a deadline.
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Britain tops OECD property tax survey
Property taxes in Britain are the highest in the developed world, according to a report by the Organisation for Economic Co-operation and Development.
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Britain still has space for migrants
Britain has masses of space for more people, according to an economist at the Office for Budget Responsibility.
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Lending Club shares priced at $15 in IPO
Lending Club has priced shares in its initial public offering at $15, above the $12-$14 range set out by the company earlier in the week.
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S&P puts Tesco on CreditWatch negative
Standard & Poor’s rating agency has put its BBB- rating on Tesco Plc on CreditWatch negative.
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Bank of Canada warns on house prices
Canada’s central bank warns in its Financial Stability Review that house prices in the country are overvalued by between 10% and 30%.
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Dubai Parks shares fall after IPO
Shares in Dubai Parks & Resorts PJSC, which is developing a Legoland theme park in Dubai, fell sharply in the first day of trading after its initial public offer.
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U.K. house price growth slows again
House price growth slowed in the U.K. in November for a sixth consecutive month, data from the Royal Institution of Chartered Surveyors shows.
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Shares in U.S. builder Toll Brothers drop
Shares in Toll Brothers dropped almost 8% in trading, after the company warned of weaker sales of its City Living condos, and said it wouldn’t be able to raise prices.